In the photos, Alejandra Salgado and her little brother, Francisco, look like ordinary tourists strolling the streets of Midtown Manhattan. He carries a shopping bag. She wears a white dress, a necklace and a leather tote slung over one shoulder. But the outings were ...

The United States is focusing on cutting off North Korea’s foreign currency sources to increase pressure on Pyongyang to abandon its nuclear program, a senior State Department official said Tuesday. “We’re focusing our efforts on cutting off sources of revenue for the regime’s unlawful ...

Singapore’s central bank chief vowed Monday to name and shame other banks engaged in money-laundering after a scandal involving Malaysian state fund 1MDB hurt the city-state’s financial reputation. The money-laundering lapses uncovered during a 15-month investigation into fund flows linked to 1MDB are “simply ...

The United States on Wednesday proposed new restrictions to close off North Korea’s access to the international financial system and to prevent the reclusive communist country from using banks to launder money that could be used for its nuclear weapons program. The Treasury Department ...

The Panama Papers scandal promises to deepen around the world on Monday when a journalists’ group with access to the digital cache of documents is to put many of them online. The International Consortium of Investigative Journalists (ICIJ) is to release the documents in ...

Authorities have arrested a prominent Panama businessman and dismantled an empire of banking, real estate and retail businesses that the U.S. says were part of a top worldwide money-laundering organization for drug traffickers. The coordinated operation was announced Thursday as the U.S. Treasury Department ...

The European Central Bank was set to decide on Wednesday the fate of the €500 bank note, which many people associate with money laundering, the black market and terrorist financing. But its possible abolition is raising hackles in countries such as Germany. The violet-colored ...

A massive leak of 11.5 million documents from a Panama-based law firm offers a glimpse into the shadowy world in which the rich and powerful stash their wealth — and raises sharp questions about the use of shell companies that hide the identity of ...

Privacy has a price. For the super-wealthy, it can also have a big payoff. The use of offshore accounts and favorable laws in certain countries can allow rich individuals and families to keep their money hidden from the eyes of tax authorities, regulators and ...

When hackers launched a stunning raid on Bangladesh’s foreign reserves, a plot worthy of a John le Carre spy novel was sparked in the Philippines, exposing the Southeast Asian nation as a dirty money haven. The $81 million stolen from the Bangladesh central bank’s ...

Bangladesh police met an official of the U.S. Federal Bureau of Investigation (FBI) in Dhaka on Sunday to try to track down culprits in an attempted $951 million cyber heist from the country’s central bank. Initial investigations aim to identify the origin of a ...

A Philippine banker shifted $81 million stolen from Bangladesh’s central bank into various accounts because she feared for her life, her colleague told a parliamentary investigation on Thursday. Maia Deguito, manager of the Rizal Commercial Banking Corp. (RCBC) branch in Manila’s financial district could ...